From the perspective of the Dutch Central Bank, the latest economic data confirms the previous economic forecasts of the European Central Bank (ECB). Forward-looking confidence indicators look robust, while high-frequency data suggests a recovery in mobility, ECB Councilor Claes Noth wrote in the latest Eurofi issue released on Thursday. "These developments reinforce confidence in our baseline forecast with a more favorable balance of risks." However, the economy will not hit pre-corona crisis levels until the end of 2022, even if there are no downturns.
On Thursday, the ECB is discussing its monetary policy. At the interest rate meeting, the staff economists' new economic forecasts are likely to be an important topic. Experts expect new forecasts to be slightly different from June forecasts.
Experts suggest that ECB President Christine Lagarde and other euro watchers will not decide on any important new support steps in the fight against the corona crisis. However, many believe that the monetary authorities may point to new measures to alleviate the situation later this year. Because the economic recovery from the pandemic crisis is still fragile in the second quarter. In addition, the growing number of infections is undermining investor and consumer confidence in some euro countries.
Latest data confirms ECB economic forecasts
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Azovpromstal® 10 September 2020 г. 12:38 |
